U.S. Bancorp (NYSE:USB) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,655 shares of the financial services provider's stock after selling 5,270 shares during the quarter. Moloney Securities Asset Management LLC's holdings in U.S. Bancorp were worth $1,759,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Covestor Ltd lifted its position in shares of U.S. Bancorp by 12.3% during the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after buying an additional 214 shares in the last quarter. TrinityPoint Wealth LLC lifted its position in shares of U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after buying an additional 231 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of U.S. Bancorp by 36.6% during the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock valued at $43,000 after buying an additional 242 shares in the last quarter. Bestgate Wealth Advisors LLC lifted its position in shares of U.S. Bancorp by 3.3% during the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock valued at $339,000 after buying an additional 253 shares in the last quarter. Finally, YANKCOM Partnership lifted its position in shares of U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

U.S. Bancorp stock traded up $0.26 during midday trading on Thursday, hitting $47.56. 8,606,255 shares of the company were exchanged, compared to its average volume of 9,399,839. The firm has a market capitalization of $74.11 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The business has a fifty day simple moving average of $44.27 and a two-hundred day simple moving average of $44.40. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the company earned $0.78 earnings per share. On average, sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.20%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's payout ratio is currently 49.50%.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director owned 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on USB. The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Oppenheimer boosted their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $51.00 to $57.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $51.70.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.